Category: Betting

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Betting Crypto News Crypto Wallets Gambling Gaming Sports

Exodus Wallet Enables Sports Betting with USDC Using Polygon Blockchain

Blockchain, cryptos and smart contracts are changing the world as we know it, and now have moved into the world of esports, particularly online betting. A recent example is cryptocurrency wallet Exodus integrating with SportX, an online sports and cryptos betting platform, to allow its users to wager on esports games on the Polygon network.

Exodus Gets Into Esports

Exodus is a wallet that helps individuals control their wealth independent of old banking models and free from institutional control. Integration with SportX gives its users the ability to wager on esports games via smart contracts executed on the Polygon network.

The newly announced partnership gives Exodus’s one million-plus users access to SportX’s decentralised betting exchange, where users can wager on a wide array of sports and esports games using cryptos. The minimum bet allowed is US$5, denominated in USD Coin (USDC), which can be directly sent to the Exodus wallet or exchanged from any of the 138 cryptos it supports.

As it stands, SportX is authorised for use in South America, Canada, most European countries excluding France and the Netherlands, and throughout most of Asia.

SportX Also Allows Betting on Crypto Prices

SportX allows users to bet on the outcomes of their favourite sports, esports and also on crypto prices, bringing cryptocurrencies and betting together with the use of smart contract protocols. This capability ensures users’ funds are protected and payouts are guaranteed on time using the Polygon network. The platform also gives players the option to bet on future price fluctuations of major cryptos such as Bitcoin and Ethereum.

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Betting Crypto News Dogecoin Sports Tokens

Dogecoin Scores Premier League Spot on Watford FC Player Shirts

Popular meme cryptocurrency Dogecoin (DOGE) has made it to the English Premier League. Stake.com, a cryptocurrency sports betting platform, has reportedly sealed a sponsorship deal with Watford FC, which will see the club’s players wear a Dogecoin logo on their sleeves. 

Watford FC to Play with Dogecoin

As The Athletic reported on August 14, the betting platform has signed a £700,000 (almost US$1 million) agreement with the football club. The sponsorship deal is expected to last throughout 2021-22, meaning Watford players will wear the Dogecoin logo for the rest of the EPL season, which kicked off last week. 

In addition to the Dogecoin sponsorship, Stake.com will give away US$2 million worth of DOGE, as per the report. This is bullish for Doge fans, as it creates heightened awareness for the much-derided meme cryptocurrency.

Dogecoin saw an uptick in price amid the announcement, and is currently trading at US$0.3386 – a 38.5 percent increase over the past seven days. 

The crypto and sports industries are increasingly getting along, thanks to the concept of non-fungible tokens (NFTs) and fan tokens, and sponsorship. This marks the second time Watford FC has secured a crypto-related sponsorship deal. Players wore a Bitcoin logo during the 2019-20 season under a sponsorship deal with Sportsbet.io. 

In related news, earlier this month Aussie cryptocurrency exchange Coinjar became a “platinum partner“ of another EPL football club, Brentford FC. It already sponsors high-flying AFL team the Melbourne Demons.

Aston Villa to Launch $AVL Token

In a recent blog post, EPL club Aston Villa announced it would launch a fan token in partnership with Chiliz, a blockchain-based sports tokenisation platform. Among other benefits, holders of $AVL will get a chance to participate in the club’s votes every season.

Last season’s EPL champions Manchester City launched their own digital token “$CITY” in March.

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Australia Betting Crime Crypto News Gambling

Australian Serial Crypto Conman Will Strike Again, Warns Alleged Victim

A former commercial airline pilot defrauded of millions of dollars in Bitcoin has cautioned other cryptocurrency investors about notorious Australian serial scammer Peter Foster.

Peter Foster arrested by Queensland Police on Port Douglas beach, August 2020. Image: IFW GLOBAL/BLOG.IFWGLOBAL.COM

Konstantinos “Dino” Stylianopoulos, a resident of Hong Kong, claims he was defrauded of A$2 million in Bitcoin by Foster in an online gambling scheme, Sport Predictions, run by Foster under an alias.

Police allege bets made by Stylianopoulos and others participating in the scheme were never placed and instead diverted to Foster.

How a $2 Million Bitcoin Investment Ballooned Into An Estimated $8 Million Loss

“Getting anything back from somebody like this is very difficult,” says Stylianopoulos, who claims he lost an estimated A$8 million when the price of Bitcoin later soared. “The bigger objective is to stop (Foster),” he told The Australian newspaper. “In Australia, I don’t believe anybody else has hurt more people.”

“It’s like (the fable of the frog and) the scorpion … ‘Why did you bite me?’ ‘Because I’m a scorpion’.”

Konstantinos Stylianopoulos

Foster remains at large, released on bail in a jurisdictional mix-up between authorities in NSW and Queensland, where the Sport Predictions operation was based. He had been extradited to NSW as the operation’s Bitcoin transfers were made through a Sydney cryptocurrency exchange.

Police In Two States Lack Shared Jurisdiction

According to Stylianopoulos, NSW prosecutors contacted him the day before Foster was bailed by a Sydney court. “There was no chance for me to voice any opinion on it,” he told The Australian. “My biggest question is, why didn’t they coordinate with police in Queensland to just do a handover?”

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Betting Crypto News Gambling

Asian Racing Federation To Counteract Illegal Crypto Betting

The Asian Racing Federation (ARF) warns that cryptocurrencies and blockchain technology are aiding illegal betting across the continent. This poses “several risks to legal betting operators and wider society”, according to a recent ARF report.

In its 12-page report, ARF asserts that legal betting is under threat, mainly due to the privacy feature of cryptocurrencies such as Bitcoin, Ethereum and others. The anonymity associated with digital currencies enables many punters and betting operators to bypass regulatory restrictions, anti-money laundering policies and know-your-customers measures, the report says. 

Such sites and apps facilitate illegal betting by allowing illegal bookmakers and bettors to circumvent any restrictions on payment processors, and to move money instantly and anonymously.

Asian Racing Federation report

Over 780 Offshore Betting Platforms Accept Cryptocurrency

More than 780 offshore betting websites accept payments in one or more top cryptocurrencies. The report also claims that these platforms accept players from jurisdictions such as Hong Kong, Australia, Japan and Singapore.

ARF is concerned that the increasing adoption of cryptocurrencies in the betting space could result in more illegal betting activities.

The rise of cryptocurrency and blockchain in the betting industry underlines a key point in the global anti-illegal betting narrative, which is that illegal betting operators will always be swifter and more agile to adapt to new technologies and regulatory loopholes/grey areas.

Asian Racing Federation report

Authorities in several Asian countries are cracking down on illegal betting sites. In April, Chinese law enforcement officers arrested a group of developers running an illegal decentralised gambling platform. 

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Betting Bitcoin Crypto News Sports

Magnus Carlsen Wins The FTX Chess Cup Worth A$28,000 Of Bitcoin, Plus Cash

Chess world champion Magnus Carlsen has won the FTX Chess Cup, the world’s first Bitcoin chess championship, taking home the prize of 0.6 BTC and US$60,000 in cash.

In the live stream, Magnus (ranked #1) celebrated wildly after winning against Filipino-American Grandmaster Wesley So (ranked #9). See live chess ratings.

Winning this tournament provides Carlsen with a seat at the Meltwater Champions Chess Final in San Francisco.

This isn’t the first time chess and Bitcoin has been in the news, as former world champion Garry Kasparov declared his support for Bitcoin and blockchain technologies last year.

FTX is Expanding into “Crypto Sports Betting”

FTX has created a new specialised futures contract platform, which allows crypto traders to place “bets” on sporting events from the Olympics to events such as the 2024 American presidential elections.

How Australians Can Trade On The Olympics

Trading on the 2021 Olympics (OLY2021) is available to Australians, but not in several other countries as stated on the FTW website: “Trading OLY2021 is not permitted by residents of the United States, Canada, the European Union, the United Kingdom, Singapore, the UAE, Cambodia, Turkey, mainland China and Hong Kong SAR, and other FTX prohibited jurisdictions.”.

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Betting Bitcoin Crypto News Gaming Sports

Sony Publishes Patent For Bitcoin-Supported Esports Betting Platform

Sony Interactive Entertainment, the video game and digital entertainment company of Sony Group, has published its patent application for an eSports betting platform that will support Bitcoin payments.

Sony to Support Bitcoin in New Betting Platform

The patent was published this month, although it was initially filed by the entertainment firm in 2019, according to the report by IGN. The information on the patent states that the company is considering developing a betting service for livestream eSports events. The platform will basically enable viewers to bet on live streaming events like fighting game tournaments. 

In the patent, the company mentioned Bitcoin (BTC) as one of the options (wager) through which viewers can place or earn from a bet. 

Wagers may be pecuniary, e.g., money or bitcoin, or maybe non-pecuniary, e.g., game assets, digital rights, and virtual currency. 

US20210142624 E-Sports Betting Platform patent

The platform will be powered by a machine learning algorithm that can be used to learn correct odds based on a training set from past proposition bets. This algorithm will equally help identify essential events in the simulation for better proposition bets. 

Once the proposition bets are defined, the odds for those bets are established either by a human or by an algorithm accessing the game analytic data of some or all of the simulation participants.

US20210142624 E-Sports Betting Platform patent

Gaming Companies Are Embracing Crypto

It remains unknown when the proposed eSports betting service will be launched. However, it looks like a company’s effort to onboard more fans into the esports community.

The world of cryptocurrency and gaming is getting closer and stronger as more firms continue to support and integrate digital currency in their services.

Having a broader look at the sports industry, some clubs started rewarding players in crypto and issuing their own tokens, some of which have recently scored tremendous growth in price.

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Betting Gambling

Winz.io Launches Rewarding Bitcoin Mining Adventure with 1 BTC Grand Prize

With bitcoin mooning and surpassing all of its previously-set records, people worldwide are rushing to obtain profits. Miners are also keen on solving the proof-of-work problem in exchange for a chance to add the next block and reap their bitcoin reward. What if there was a better way to profit off bitcoin’s recent bull run?

Introducing Gamified Mining with Winz.io

Mining is complicated, but with Winz.io, it has never been easier! The casino has just announced the Winz.io Bitcoin Mining Adventure, where players can enjoy their favourite slots, level up, and obtain cash prizes for each of the levels they beat. That’s it. There are absolutely no restrictions concerning wagering limits, minimum bets, or maximum prizes. In fact, the first person to complete the 40 levels will not only obtain a prize for each level, but also the grand reward – one entire bitcoin! Each wager unlocks profit potential and puts users higher on the leveling leaderboard, so there’s nothing to lose. Profits are still paid out depending on the outcome of the slot roll.

The levels are open to all of Winz.io players, meaning that users can play up to wherever they feel most comfortable with their winnings.

Highlighting Winz’s Value Proposition as the World’s Top-Ranking Crypto Casino

Founded and licensed in early 2020, Winz.io has quickly established its title as one of the market’s best digital currency casinos, boasting not only great games, but also a plethora of payment methods and a tight-knit community.

With this being said, Winz.io collection of games includes highly-entertaining slot titles, such as jackpot slots, megaways slots, and buy bonus slots. Players can also find a formidable collection of table games and profitable lotteries. As expected, the casino features live games. Here, customers can interact with professional and engaging dealers, thereby accessing a superior experience that’s filled with authenticity and emotion. The Winz.io game catalogue is only provided by the industry’s finest developers. Winz.io therefore collaborates with the likes of Evolution Gaming, Amatic, iSoftBet, NETENT, Microgaming, and many others.

Winz.io is renowned for having one of the industry’s most future-thinking payment policies. As such, customers can deposit and withdraw their funds via cryptocurrencies, as well as fiat-based payment methods. Some of the main means of payment include debit cards, bank transfers, and support for e-money payment services. Thanks to a partnership with CoinsPaid, cryptocurrency enthusiasts can gamble using Bitcoin, Ethereum, Bitcoin Cash, Litecoin, Dogecoin, and Tether. Most deposits are confirmed within a few minutes, whereas withdrawals are processed instantly. Thus, users will no longer have to spend days waiting to cash in their winnings. This is especially the case with crypto-based withdrawals, which are lightning quick! Readers must also note that Winz facilitates crypto-to-fiat exchange: possibility for the instant exchange to FIAT on deposit and back to crypto on cashout.

Winz.io is thoroughly appreciated within the gambling reviews market. It’s been rated as ‘great’ by some of the most popular casino review websites, including Askgamblers.

Winz.io Optimal RTP policy

Return to Player (RTP) is a casino term describing percentage of any wagered money that slot machine games pays back to players over time

Most online casino operators have similar selection of slots, however, not all slot games are offered in the same way. This is due to many casino operators offering adjusted versions of popular games, often reducing Return to Player, sometimes up to five percentage points. We at Winz.io always keep original casino games settings ensuring more entertainment for the same money. Players can always check the game’s RTP tapping information icon of every slots game’s thumb.

Winz.io follows Optimal RTP Policy and chooses original slot games settings of return percentage in every situation.

Bottom Line

Thanks to Winz.io’slucrative bitcoin mining promotion, those who missed the bull run can certainly round up their profits. No other casino has ever put prizes as large as 1 BTC on the table, so it only makes sense that there’ll be a lot of competitive, but very entertaining gameplay! Winz.io – Every Bit of Fun!